Bass Pro Shops To Buy Cabela's

Springfield-based Bass Pro Shops appears ready to reel in one of its biggest competitors.

Bloomberg News reports Bass Pro looks set to acquire Cabela’s in a deal that will unite two of America’s largest outdoor sports equipment retailers, according to people familiar with the matter.

Bloomberg reports Bass Pro beat out competition from private equity bidder Sycamore Partners. The price and terms are still being finalized. A deal isn’t certain but could be announced as soon as Monday (10-3-16).